Royal Bank Of Canada Cuts Sibanye Gold (NYSE:SBSW) Price Target to $15.00

Sibanye Gold (NYSE:SBSW) had its price objective reduced by Royal Bank Of Canada from $16.50 to $15.00 in a research note published on Wednesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Other equities research analysts also recently issued research reports about the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a report on Friday, July 17th. Citigroup raised shares of Sibanye Gold from a “neutral” rating to a “buy” rating and set a $13.50 price target for the company in a research report on Thursday, August 13th. Zacks Research upgraded shares of Sibanye Gold from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. Wall Street Zen upgraded shares of Sibanye Gold from a “buy” rating to a “strong-buy” rating in a research note on Sunday, September 6th. Finally, BMO Capital Markets dropped their price objective on shares of Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating on the stock in a report on Tuesday, July 14th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $16.32.

Sibanye Gold Stock Performance

Shares of SBSW stock opened at $11.65 on Wednesday. The business has a fifty day moving average of $10.67 and a 200 day moving average of $11.34. Sibanye Gold has a 1 year low of $7.87 and a 1 year high of $21.29. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.37 and a current ratio of 2.72.

Sibanye Gold Announces Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Friday, September 18th will be issued a $0.4985 dividend. The ex-dividend date of this dividend is Friday, September 18th. This represents a yield of 856.0%.

Insider Buying and Selling at Sibanye Gold

In other news, Director Richard Menell acquired 15,000 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was acquired at an average price of $2.19 per share, for a total transaction of $32,850.00. Following the completion of the transaction, the director owned 25,125 shares in the company, valued at approximately $55,023.75. The trade was a 148.15% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On Sibanye Gold

Several institutional investors and hedge funds have recently modified their holdings of the business. AdvisorNet Financial Inc raised its holdings in Sibanye Gold by 1,462.5% in the 1st quarter. AdvisorNet Financial Inc now owns 2,000 shares of the company’s stock worth $25,000 after purchasing an additional 1,872 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in Sibanye Gold by 3,289.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,915 shares of the company’s stock valued at $70,000 after purchasing an additional 4,770 shares during the period. Blue Trust Inc. increased its position in shares of Sibanye Gold by 127.4% in the first quarter. Blue Trust Inc. now owns 4,987 shares of the company’s stock valued at $61,000 after buying an additional 2,794 shares in the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of Sibanye Gold in the fourth quarter valued at approximately $73,000. Finally, Stevens Capital Partners acquired a new position in shares of Sibanye Gold during the 1st quarter worth approximately $124,000. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Sibanye Gold Company Profile

Sibanye-Stillwater, formerly known as Sibanye Gold, is a multinational mining and metals company headquartered in South Africa. The company was established in 2012 through the restructuring of Gold Fields’ South African assets and adopted the Sibanye-Stillwater name in 2016 as it expanded beyond gold mining.

The company produces gold, platinum-group metals (PGMs), and associated by-products. Its operations have included gold mines in South Africa; platinum, palladium, rhodium and other PGM assets in South Africa and the United States; and PGM recycling activities.